SBI PO Vs. LIC AAO: Which is a Better Post?

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Anangsha
Anangsha Patra
Deputy Manager – Editorial
Updated on Jun 23, 2022 16:06 IST

There are lot of opportunities in the banking and insurance sectors. But, the confusion lies in choosing the right career option between banking and insurance sectors. This article aims to clear the confusion of aspirants about choosing the best career option between SBI PO and LIC AAO.

SBI PO Vs LIC AAO

SBI PO Vs LIC AAO

SBI PO Vs LIC AAO: Both SBI PO and LIC AAO are the most popular government exams among graduates. Cracking SBI PO exam, candidates will enter the banking sector to the position of Probationary Officers. While LIC AAO paves the way to the insurance sector for the position of Assistant Administrative Officer (AAO). There are a lot of opportunities in the banking and insurance sectors. But, the confusion lies in choosing the right career option between the banking and insurance sectors. A large number of candidates participate in both exams but both the exams have their own pros and cons. This article aims to clear the confusion of aspirants about choosing the best career option between SBI PO Vs LIC AAO. In this article, we have done a comparative analysis on 'SBI PO Vs LIC AAO: Which is Better?'

Which is Better LIC AAO or SBI PO?

Both LIC AAO or SBI PO has their own advantages and disadvantages. It depends on what candidates opt for. There are candidates who have earlier worked in the insurance sector and later switched to the banking sector. Considering the remuneration part then SBI PO is a better profile. For better work-life balance, place of posting and decent pay, candidates can opt for LIC AAO. However, to crack both these exams, candidates need to have a proper planning and preparation.

Difference Between SBI PO vs LIC AAO

Candidates can check below the difference between SBI PO vs LIC AAO in the table below.

Major Factors SBI PO LIC AAO

Eligibility

Graduate candidates between 21 and 30 years can apply for SBI PO

The age limit for LIC AAO is 21 and 30 years. The educational qualification is Bachelor’s degree in the specialisation they have opted for. 

Syllabus

Reasoning

Quantitative Aptitude

English language

Data Analysis & Interpretation

Computer Aptitude

Reasoning

Quantitative Aptitude

English language

General Awareness

Insurance & Financial Market awareness

Salary

INR 27,620 (with 4 advance increments)

INR 32,795-62,315

 

Role & Responsibilities

  • Assisting customers for understanding banking process
  • Authorize transactions, managing clearances of payments.
  • Supervision of clerical work
  • Handling cash balance
  • Assisting customers/clients for claims processing, filling, and settlement.
  • Planning new policies or replacing old ones for the company’s development.
  • Analyzing and Auditing policies from time to time.
  • Has to be involved in inter-departmental discussion related to claims processing

Career Growth

Promotion happens every two to three years

Usually in LIC promotion takes time

Perks and Allowances

  • Pension
  • Medical aid for self and family
  • Travel Concession
  • Concession on interest rates on housing, car loans
  • Defined Contributory pension
  • Gratuity
  • Monetary Medical benefit
  • Group Insurance
  • Mobile Expenses

Promotion Level

  • PO
  • Deputy Manager
  • Manager
  • Assistant General Manager
  • Deputy General Manager
  • Chief General Manager
  • Deputy Managing Director
  • AAO
  • Assistant Deputy Manager
  • Deputy Manager

SBI PO and LIC AAO Highlights

Candidates can check below the important highlights of SBI PO vs LIC AAO.

Particulars

 SBI PO

LIC AAO

Conducting Body

State Bank of India (SBI)

Life Insurance Corporation (LIC)

Post

Junior Management Grade Scale-I

Assistant Administrative Officer (AAO)

Frequency of Exam

Once in a year

Once in a year

Exam

Urban/Rural

Urban

Examination Type

Preliminary exam, mains exam and Group Exercise & Interview

Preliminary Examination, Main Exam and Interview

Bond

Three Years

Four years Bond

Medium of Exam

English/Hindi

English/Hindi

Exam Mode       

Online

Online

SBI PO and LIC AAO Eligibility

Both the exam have almost similar eligibility criteria.

Age: The age limit for SBI PO and LIC AAO is 21 years to 30 years

Educational Qualification: The minimum educational qualification for SBI PO and LIC AAO is graduation. However, the educational qualification for LIC AAO varies as per post. 

Also Read: SBI PO eligibility criteria

SBI PO and LIC AAO Syllabus

There are lot of similarities between SBI PO syllabus and LIC AAO syllabus along with few differences. Check the syllabus for both the exam below:

SBI SO Syllabus

LIC AAO Syllabus

  • Reasoning
  • Quantitative Aptitude
  • English language
  • Data Analysis & Interpretation
  • Computer Aptitude
  • Reasoning
  • Quantitative Aptitude
  • English language
  • General Awareness
  • Insurance & Financial Market awareness

Also Read:

SBI PO and LIC AAO Selection Process

To qualify SBI PO Vs LIC AAO exams, candidates have to pass several stages. Check the selection processes below:

SBI SO Selection Process

LIC AAO Selection Process

  • Preliminary Exam
  • Mains Exam
  • Group Exercises & Interview
  • Preliminary Exam
  • Mains Exam
  • Interview

SBI PO and LIC AAO Pattern

The exam patterns for both exams are different. To gain more clarity, check below the stage-wise exam patterns for SBI PO and LIC AAO. 

SBI PO Exam Pattern: Prelims

Subject

Number of Questions

Duration

Marks

English Language

30

20 Minutes

 

100

Quantitative Aptitude

35

20 Minutes

Reasoning Ability

35

20 Minutes

Total

100

1 Hour

SBI PO Exam Pattern: Mains

Subject

Number of Questions

Marks

Duration

Objective Test

Reasoning & Computer Aptitude

45

60

60 Minutes

Data Analysis & Interpretation

35

60

45 Minutes

General/ Economy/ Banking Awareness

40

40

35 Minutes

English Language

35

40

40 Minutes

Subjective/ Descriptive Test

English Language (Letter Writing & Essay)

2

50

30 Minutes

Total

157

250

3.5 Hours

LIC AAO Exam Pattern: Prelims

Subject

 

Marks

 

Minimum Qualifying score

SC/ST

Others

Reasoning

35

16

18

Quantitative Aptitude

35

16

18

English Language with special emphasis on grammar, vocabulary and comprehension

 

30*

9

10

Total 

70

LIC AAO Exam Pattern: Mains

Section

 

Maximum Marks

 

Minimum Qualifying Marks

Duration

 

SC/ST

Others

Reasoning Ability

90

40

45

40 Minutes

General Knowledge, Current Affairs

60

27

30

20 Minutes

Data Analysis & Interpretation

90

40

45

40 Minutes

Insurance and Financial Market Awareness

60

27

30

20 Minutes

Total

300

2 Hours

There will be a descriptive test on English language on essay and letter writing for IT/ Chartered Accountant / Actuarial and Generalist posts. For Rajbhasa posts, it will hold the test on respective subjects.

Also Read:

SBI SO exam pattern

LIC AAO exam pattern

SBI PO and LIC AAO Salary

Salary is a crucial factors that attracts the best talents to these jobs. Check SBI PO salary and LIC AAO salary comparison below:

SBI PO Salary

LIC AAO Salary

Basic Pay: INR 27,620 (with four advance increments).  

Pay Scale: INR 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management.

Admissible Allowances: DA, HRA/Lease rental, CCA, Medical and other allowances & perquisites as per rules.

Total Compensation: CTC basis is minimum INR 8.20 lakhs and maximum is INR 13.08 lakhs depending on the place of posting and other factors.

Basic Pay: INR 32,795

Pay Scale: INR 32795- 1610(14) –55335– 1745(4) –62315 

Admissible Allowances: DA, HRA/Lease rental, CCA, Leave Travel Concession (LTC), Special Allowance, Gratuity, Group Mediclaim, Group Insurance, Defined Contributory Pension, Cash Medical Benefit.

Total Compensation: INR 57,000 per month in ‘A’ Class city.

Also Read:

SBI PO salary

LIC AAO salary

SBI PO and LIC AAO Career Growth

While it is beloved that both the jobs offer good career growths and opportunities, SBI PO is a little ahead in the race.

SBI PO Career Growth

LIC AAO Career Growth

  • Promotion happens at a faster pace and SBI has a steady promotion policy. A new will get his/her first promotion after two/three years.
  • PO can be promoted to Deputy Managing Director by the end of his/her service.
  • In case of LIC AAO, promotion takes place late. Usually takes more time as LIC has a non-proactive promotion policy.
  • An AAO can be promoted to Deputy Manager before retirement.

From the above discussion, we can decipher that both the jobs are full of opportunities and scopes. While SBI PO attaches more challenges and one has to work under pressure at times, LIC AAO has less pressure and offer better work-life balance. On the other hand, SBI SO offers better career growth and remuneration than LIC AAO.

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About the Author
Anangsha Patra
Deputy Manager – Editorial

A mass communication and journalism post-graduate, Anangsha has worked as a reporter and sub-editor and enjoys working in the education domain.

Comments

(3)

S

Sanju Karmakar

a month ago

First of all, the basic pay of SBI PO is 41,900 at the beginning. Get your facts straight. Don't just write anything.

Reply to Sanju Karmakar

A

Anangsha PatraDeputy Manager – Editorial

a month ago

LIC AAO notification dates are not yet out. However, the notification is expected to be in 2022.

Reply to Anangsha Patra

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